What Happens When Women Lead Merger Deals?

6/14/2013 11:34AM

In media company Gannett’s $1.5 billion deal for Belo, there is the rare example of a billion-dollar plus buyout led by female CEOs on both sides of the deal. Drew FitzGerald joins MoneyBeat. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... most people know good net is the publisher of USA Today and other periodicals ... yet there are a publisher but ... you can see there the headline ... By and another company or broadcast to one point five billion ... combining broadcasting and publishing and they're doing it ... with a feminine touch ... into the Fitzgerald ... its automatic on a list of the deal itself for sure and feel ... sure will the deal itself of course again there is no one is a newspaper publisher but the stockholders of it's it's ... it's not can be known as that ... of for a long time it's going to be a mix right now roughly half and half but the combination of these two companies on ... their of their business half of their business is going to come ... from newspapers in publishing and online in things like that ... and of about the other half is just a come from old fashioned TV stations and businesses tied to ... you is this the kind of thing where ... I you try to sell this as the parts being greater than the whole Mariah all mergers that on its own is that ... but I mean this ... this severe pressures facing the publishing industry ... it ... is this really going to be a situation where the two heads are greater than the whole or is this ... can it be ... to struggling have to do the once struggling all ... right well that that there is such a point to that argument because of course the ... the part that there are adding he is all ... TV stations them you won't use to be just like in that a combination of the two ... and the low split and now we can see we leave so that this can happen ... ALM ... so their TV business is certainly stronger than the publishing business ... and that shareholders reacted accordingly ... many like ... that ... now want an interesting wrinkle in this deal and were were were going at the beginning is is that ... humans are rare instance where the two people at the top of all companies happen to be winning the ... right and it is the so call or how the deal went down on well you know of course if you're looking if you're an investor looking to steal on you know you don't care the gender of who's running it at the top in Carrollton of time you care about the numbers and in it that the numbers at this point from what they're projecting look good but it's true it's it's wearing corporate America and honestly reader ... in media ... to see the two top ... as people calling the shots to the one ... that I think it it are our colleague Tom Gara wrote about this for the Corporate Intelligence plot ... as is the point was that ... was strong ... write the stock and then the whole alpha male Pain Evelyn try ... now with the women's crackdown hammered out a deal got it done ... right and there was some good from what did both executives have said there was not an auction process so they're they're warrants ... dozens of bidders chomping at the bit to do this but you know obviously ... um this is a deal that that both sides kind of wanted it's it's really not a hostile takeover and Noah both sides to be ... seen in the